Category: Industry
Bengal Port
DHAKA, June 4, 2014 (AFP) – Bangladeshi Prime Minister Sheikh Hasina is likely to seek Chinese funding to build a deep sea port in the Bay of Bengal when she visits Beijing later this week, officials said Wednesday. The proposed port on Sonadia Island off Bangladesh’s southeast coast would cost billions of dollars, but Bangladeshi […]
Sri Lanka eyes nuclear power plant after 2030
June 4, 2014 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has included nuclear power for the first time as a possible power generation option in 2031 in its latest study of long term generation capacity.CEB long term generation plan has studied nearly 20 different scenarios along with a base case scenario with the lowest […]
Cricket: Sri Lanka win series against England
BIRMINGHAM, June 3, 2014 (AFP) – Sri Lanka proved too strong with both ball and bat as they beat England by six wickets in the fifth and final one-day international at Edgbaston on Tuesday to clinch a 3-2 series victory.First paceman Lasith Malinga took three for 50 as Sri Lanka restricted England to 219 all […]
” up England-Sri Lanka Tests
BIRMINGHAM, June 3, 2014 (AFP) – England captain Alastair Cook said he expected the controversial run out of Jos Buttler during the fifth one-day international against Sri Lanka to “spice up” the forthcoming Test series between the teams.Cook insisted a “line had been crossed” after Sachithra Senanayake ran out England’s Jos Buttler as the non-striker […]
Cricket: Buttler should have been recalled says Ranatunga
COLOMBO, June 4, 2014 (AFP) – Former skipper Arjuna Ranatunga Wednesday said Sri Lanka was right to run out England’s Jos Buttler, but felt he should have been recalled in the spirit of the game. “We should have got him out and then (Sri Lankan captain) Angelo (Mathews) called him back to play,” Ranatunga told […]
Another Feather
June 4, 2014 (LBO) – Sri Lanka based MillenniumIT, a unit of London Stock Exchange said its products have been selected by Aequitas Innovations in Canada which is building a new securities exchange. “This is a significant win for us our suite of capital markets technology has been chosen to launch this new exchange, which […]
‘s Senanayake reported over bowling action
LONDON, June 2, 2014 (AFP) – Sri Lanka off-spinner Sachithra Senanayake has been reported for a suspected illegal bowling action, the International Cricket Council (ICC) confirmed on Monday.Sri Lanka, meanwhile, named their squad on Monday afternoon for the two-Test series against England in June, from which Senanayake is omitted. The 29-year-old made his Test debut, […]
‘s LTL Holdings wins Nepal transformer order: report
June 03, 2014 (LBO) – Sri Lanka-based LTL Holdings has won an order to supply more than a 1000 transformer to the Nepal Electricity Authority (NEA), a media report said. The report said Nepal needs 2,000 to 3,000 and the power authority. “It has been more than two years since the NEA last purchased transformers,” […]
Football Boost
June 03, 2014 (LBO) – Allianz Lanka, a unit of Germany’s Allianz said it will select two young football players for a training camp in Germany with Bayern Munchen club, for the second time. In addition to 50 brand offices, applications are also on www.allianz.lk, which have a deadline of June 25, the company said. […]
” adventure tourism push
June 3, 2014 (LBO) – Sri Lanka national carrier and Lanka Sportreizen, a travel firm is planning an annual cross-country adventure tournament in an effort to boost tourism in the country, officials said. “We like to encourage more adventure tourists to come into Sri Lanka,” G T Jeyaseelan, Chief Marketing officer of SriLankan Airline said. […]
Hub Ambition
Over the course of five years since the end of the war, Sri Lanka has embarked on an ambitious physical infrastructure drive, with the aim of taking advantage of the country’s strategic geographical location. With its close proximity to major international shipping lanes and to the Indian subcontinent, Sri Lanka can be positioned as a […]
Basic Principle
June 02, 2014 (LBO) – A credit to guarantee to encourage banks to lend more against gold may help reduce the build-up of bad loans, but pawning loans are not risk-free as currently categorized in Sri Lanka, Fitch Ratings said.Non-performing loans in Sri Lanka’s banking system had risen to 5.6 percent of total loans by […]